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Wall Street embraces open source
Philip M. - Thursday, June 12th, 2008 | 4:52PM (PT)


The stock market is becoming fond of Linux

Wall Street embraces open source Image 1

The people are curious about what makes Tux the penguin more popular by the day.  Every day, I hear about and help new Linux converts through a variety of mediums.  Some businesses are even switching to Linux to reduce costs for software licensing (and most recently energy consumption), while others are switching for the convenience of controlling the coffee pot at the edge of their desk with their computer (yes, this has been done before!) or for the thrill of learning something new.  Now, even large business firms that operate as part of the New York Stock Exchange are buying into the idea of going open source.

A good number of firms have already welcomed Linux with open arms.  The remaining firms that are yet to do so are concerned that licensing issues (of which there are none in Linux other than being required to submit changes to source code back to the open source community) and support will make it more trouble than it's worth.  The Linux providers' response?  "There's no problem, jump right in!  The water's just fine!" (paraphrased).  In fact, Red Hat and Novell (the company that develops and maintains SUSE Linux) have developed RTL (Real Time Linux) systems that specifically meet the needs of the fast and furious stock market where time could mean the difference between a million dollars or a billion dollars from a single transaction.  When asked about the feasibility of using Linux in the marketplace, Novell's senior vice president and general manager of open platform solutions said that "there's a strong business case for Linux as an alternative to Microsoft or [other] Unix derivatives."  Some people probably think that he's just saying that because he's paid to say that, but let's look at a few key differences between Linux and Windows and determine whether there really is a strong business case:

 

Category Windows Linux
System Uptime Restart usually required to keep computer running at optimum efficiency or after installing/uninstalling an application Restart only required when updating the system kernel
Application Management Can only install/uninstall one application at a time, not every application installer provides for dependencies Can install/remove multiple applications at the same time and dependency issues are resolved automatically
System Security Can log in directly as an administrator, granting permission to modify or delete critical system files to anyone with such a status Cannot log in as an administrator via graphical interface, forcing everyone to have a normal user account with minimal permissions
Licensing Most commonly used software (including the operating system itself) must be paid for when first acquired and then again to upgrade to a new version Open source, majority of distributions are entirely free (operating system and all packages (applications, libraries, runtime environments, etc.))

Based on this nonexhaustive list, time, money, and security advantages all seem to point to Linux as the better choice.  Granted, it's not always as user friendly as Windows, but that's not stopping Wall Street, where the TABB Group estimates that 72% of computers in the fourteen biggest investment firms in the United States will have a Linux installation by the end of the year.

Watch out Microsoft.  Linux is slowly but surely taking over...

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Comments:

June 12th, 2008 5:11PM(PT)
FFXFREAK
Wow someones a little pro-linux =D. Anywho the way you've put it Linux seems to be the way to go =D.

~FFXFREAK
June 12th, 2008 5:15PM(PT)
Avalith
Pro-Linux, yes. It's definitely a lot better than some people think and many people's fears about it are usually due to baseless or misinformed opinions or statements. I personally would highly encourage everyone to at least try Linux, even if it's on a virtual machine or a dual-boot to see how it works and see that it really isn't all that bad. In fact, it's just as good as if not better than Windows in quite a few ways.
June 12th, 2008 8:28PM(PT)
tallteen86
As I stated in the other Linux (energy efficiency) related article, a couple things hold back the market as a whole.

Program compatability (commercial products released with Windows or Mac only support, or both of those two)....A lot of programs released commercially in physical form don't support linux. You see some DL programs that are out there that support Linux, but most of those are freebies on windows/mac as well as Linux. Well, from what I've seen that is.

User friendliness is also an issue. A LOT of people who buy computers only know the basics of it, such as double clicking on the things you want to run, and knowning how to put the disk (or double click on the .exe labeled 'Install') to get something installed. I myself am only a bit above that level. I wouldn't know how to change things in the OS program itself, if it was necessary to get something done....Linux may be more flexible, but to get much out of that flexibility, you have to know how to program for the OS....
June 12th, 2008 10:42PM(PT)
chautemoc
tallteen> I concur. Thats exactly (mostly) why I stick with Windows, still. I'm at your level too, and I felt like I had to be a freakin' programmer to do everything I wanted it to do when I used it. I just find it to be too much work. But it's fun to play around with, and I think everyone should absolutely have it on a CD. It's saved me a few times.
June 13th, 2008 2:12AM(PT)
Sarwiz
Since Vista came out I've been learning Linux. Not as user friendly as windows, but a lot more versatility. Although some things seem to be just impossible to install. I have never needed to use it to save corrupt files, but have used the partitioner to resize my drives. Free and works great.
June 13th, 2008 4:07PM(PT)
Avalith
quote Sarwiz
Although some things seem to be just impossible to install.
I've never had this problem. Either something wasn't extracted right, was missing from the tarball entirely (if you're compiling from source), or you're missing a step or doing it incorrectly if something won't install.

quote tallteen86
Linux may be more flexible, but to get much out of that flexibility, you have to know how to program for the OS....
Incorrect. I know next to nothing about computer programming and I have my Linux box working just the way I want it to.

- This news story is archived and is closed to new comments now -

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